Long-Term vs Short-Term Health Insurance Plan: Which One Should You Choose?

Posted by Richard Baker on June 2nd, 2021

Choosing between long-term and short-term health insurance plans depends on a lot of factors aside from duration of the coverage. People have different needs, health conditions, and budgets that should also be considered. If you are still undecided on which of the two is best for you, here is a quick read to help you see their differences in a nutshell.
 
Why Short-Term Health Insurance?
Short-term insurance is usually used by people who cannot afford a long-term one, are temporarily uninsured, or who are currently waiting for an employer or government-sponsored health benefits. The main purpose of this type of insurance is to protect you and your family in case of unforeseeable events such as sudden illnesses or injuries.
 
You will also be given free rein to decide how long the policy will last. Your short-term health insurance can last from 30 days to 12 months. In other words, you pay for the protection you want. Once the insurance plan expires, clients can no longer renew it, but they can simply apply for a new one. Here in the State of Texas, people are allowed a maximum of two short-term insurance plans per year.
 
The application for temporary insurance can be quickly processed and approved. This is great for people who suddenly lost their jobs or changed careers and are waiting for their new employer-sponsored health care plan. Also, compared to the standard version, short-term health insurance in Texas are very affordable.
 
Why Choose Standard Health Insurance?
Long-term health insurance plans go beyond 12 months. They can last up to three years before expiring or getting renewed. This immediately helps take off the pressure of having to decide on your next insurance plans. While it generally costs more than short-term insurance, standard Texas health insurance will help save you money in the long run. It offers a lot more benefits, including dental, pregnancy coverage, check-ups, laboratory tests, to name a few.
 
Long-term health insurance plans can include mental health care, pregnancy care, preventative care, and even hospice care. It also covers pre-existing medical conditions, i.e. heart disease, diabetes, and chronic respiratory disease. Unfortunately, short-term insurance cannot cover these and only focuses on unforeseeable illnesses.
 
Before you enroll in a health insurance plan, it is crucial that you look through each type’s monthly premium, benefits list, deductible, out-of-pocket expense, networks, and so on. Short-term health insurance can be an effective stop-gap solution, while long-term health insurance is very important if you are considering years into the future.
 
If you are in need of a long-term or short-term health insurance plan, let Radical Insurance Agency, LLC, a trusted health insurance agency in Plano, Murphy, and Allen, Texas help you choose the right one. Their team of experienced and highly skilled health insurance agents can provide you the most comprehensive and affordable coverage within your comfortable budget range. No frills, no fuss -- They offer simple and straightforward health care solutions to their clients. Call them today at 214-418-4738 so they can assist you as soon as possible.
 

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Richard Baker

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Richard Baker
Joined: March 17th, 2020
Articles Posted: 43

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